“It’s not a question of if you’re going to get hacked – it’s when you’re going to get hacked.” With that surprisingly candid statement meant to underplay the “material impact” of the recently uncovered Yahoo cyber-attack on a faltering giant Verizon intends to revive… somehow, Big Red’s CEO effectively rubbished New York Post’s “total speculation.”

Still, Lowell McAdam, the head honcho of America’s largest wireless communications service provider, shrewdly left the door open for a likely low-key discussion on previously agreed upon acquisition terms, once “we understand the real facts” of the massive security breach, following an ongoing internal investigation.

Right now, one thing is crystal clear in Verizon’s eyes, and that’s the incontestable “real value in the asset” of Yahoo. Otherwise put, nobody’s even considering backing out of the $4.8 billion deal, and if there will be a discount applied to the original price, only some shocking revelation during the inquiry process could amount that to a whopping billion or so.

Mind you, McAdam isn’t easily shocked, forecasting people are eventually “going to realize that this is the state of the way the internet operates.” No matter how hard you try to keep everything under an e-lock and key, skilled and motivated cybercriminals will “occasionally land a punch.” A “punch” exposing the personal info of around 500 million users, in the damning case of this particular Yahoo blunder.

Source: Business Insider

You May Also Like

Samsung’s new Galaxy Tab A 8.4 flaunts a metallic build and brings LTE support

The Galaxy Tab A 8.4 is a big improvement when it comes to aesthetics, but it is still stuck on Android Pie and has a smaller battery than its predecessor.
Huawei P40 Pro+ vs iPhone 11 Pro Max

Huawei may be looking for ways to add Google apps to its app store (Update)

It seems that we could finally get Google apps back in Huawei and Honor smartphones, but they would arrive directly in the AppGallery

Coronavirus has also affected global smartphone shipments

Smartphone shipments have suffered a huge drop in February, the most significant drop ever recorded in smartphone market history, and here’s why